Ken Turbitt Blog
Aidan Lawes Blog
Paul Gostick Blog
Dr Jenny Dugmore Blog
Shirley Lacy Blog
Alim Ozcan Blog
Juan Jimenez Blog
Ian Clayton Blog
Nas Ozcan Blog
Aidan Mills Blog

Women in Work Index 2018
What's driving the gender pay gap and what gains can be made from closing it?...

Ten Strategic Technology Trends for Government
Technologies that enable new service models for digital government must be at the top of the list for government organizations as they prioritize technology investments...


The Robots are Coming: Are CEOs Ready for the Era of Automation?
CEOs agree that robotics is going to make their companies more efficient, with 94% of those who've already adopted robotics saying that it's increased productivity in their business...


The 2015 Chief Digital Officer Study
More companies are appointing a Chief Digital Officer to join their C-suite - but are they doing it quickly enough?...


18th Annual Global CEO Survey
The United States has overtaken China as top target for growth for the first time in five years...

30 June 2017 | ITSM
Send to a colleague | Add to MY ITP

Global Top 100 Companies Ranking Reach Record $17.4 trillion
The US extends its leading position in PwC's Global Top 100 companies ranking while Europe continues to decline...

The market capitalisation of the 100 largest companies globally increased significantly by $1,861bn or 12% compared to 31 March 2016, according to PwC’s Global Top 100 ranking, released today.  This increase more than reversed the dip in 2016 and is the highest value on record.

Nearly 70% of the growth was contributed by the US companies, on the back of strong economic conditions pre and post US elections.  Europe managed to arrest two years of value decline but its share continued to decrease proportionately.

For a third year now, the US accounts for more than half of the Top 100 (55 companies) and weighs in with 63% of the overall market capitalisation. Apple was the strongest performer this year (in absolute terms), gaining $149bn or more than 25% in value compared to 2016.  This was closely followed by Amazon, which increased its market capitalisation by more than 50% in 2017.  Facebook, Bank of America and JPMorgan Chase have all powered the US growth.

Apple retains pole position for the 6th year in a row, and this year again clearly pulled ahead of the second ranked Alphabet, managing to double the valuation gap to $175bn from $86bn last year.  Alphabet briefly dethroned Apple in February 2016.  It is particularly remarkable as Apple also returned more cash to shareholders, with another $29bn handed back to investors in dividends and share repurchases in calendar year 2016 ($42bn was distributed in calendar 2015). Alphabet only returned $4bn in 2016.

Technology continued to be just ahead of the financial sector for a second year, underlining the lasting attractiveness of tech companies. The global top three remain technology companies: Apple, Alphabet, Microsoft, closely followed by Facebook in sixth position.  These giants have an unequalled global reach and have changed our lives and the way we communicate and interact.

European companies have never fully recovered from the financial crisis and have seen spikes and troughs of volatility over the last decade.  Europe now accounts for just 22 companies (down 9 compared to 2009 and down 19 compared to 2008), and only 17% of the overall market capitalisation (down from 36% in 2008).  While Europe managed to arrest further decline, the value of its companies remains below 2013-2015 and 2010-2011 years.

China/Hong Kong total market capitalisation increased by 14% compared to last year, with 11 companies in the Top 100 (unchanged from 2016) - as Chinese markets regained some confidence in 2016.  Tencent was the top Chinese performer this year, having increased its value by 42% to $272bn since 2016.  Tencent and Alibaba are currently ranked at number 11 and 12, being on the brink of entering Global Top 10.

“The gap between the US largest companies and the rest of the world continues to widen.  US companies are exploiting their global reach, financial strength and ability to innovate, - a sharp contrast to those in the UK and Europe, which continue to fall behind in the rankings. After a period of some stagnation, Chinese companies have performed well and two, Tencent and Alibaba, are poised to enter the Top 10 next year” said Clifford Tompsett, Head of IPO Centre at PwC.

For additional information or to view “PwC’s Global Top 100 companies ranking” click on the link https://goo.gl/EESccz.


Global Top 100 analyses the Top 100 global companies by market capitalisation and compares how the list evolves year-on-year. We analyse trends to understand the impact of external political and economic events and identify the risers and the fallers, look at sector dynamics and present a view on how the global landscape has changed.

This analysis was conducted as at 31 March 2017 and 31 March 2016 and captures companies market cap in US$, based on their country of origin. All market data is sourced from Bloomberg and has not been independently verified by PricewaterhouseCoopers LLP.

PwC Email to a colleague | Add to MY ITP

terms & conditions